Scott Martin has been covering the financial markets since 1996 and the securities business since 2001. He was a long-time columnist for Research, market writer at CNNfn.com, and editor of Buyside; his work currently appears in publications like The Trust Advisor, Institutional Investor, and EmergingMoney.com.| A "Final" Deadline For 401(k) Fee Transparency: July 1 |
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| Friday, February 03, 2012 14:54 |
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Retirement plan service providers have known that new fee disclosure rules were on the table for ages now, but the latest extension may actually be the last. This Website Is For Financial Professionals Only
DOL says July 1 is the drop-dead date for 401(k) plans to break out their fees in plain English.
This is roughly a year after the rule was originally set to go in effect.
Service providers have consistently balked, arguing that they don't have enough time.
At this point, can we really blame technology? Or is there some other reason they don't want plan participants to see exactly what they're paying for their nest eggs? Comments (0)Write commentYou must be logged in to post a comment. Please register if you do not have an account yet.
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